Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative.
Hyundai Motor Company and Avride have agreed to jointly develop autonomous vehicles in a tie up that will deepen the relationship between the two companies.
Avride has partnered with Hyundai Motor Co to expand its fleet of robotaxis, and signed a deal with the South Korean automaker to jointly develop and operate self-driving vehicles, the companies said on Wednesday.
As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies to South Korea and Japan. The East Asia countries produced a combined 16.8% of vehicles sold last year in the U.S., including a record 8.6% from South Korea and 8.2% from Japan.
Shares of South Korean steelmakers dropped on Monday, after U.S. President Donald Trump said he would introduce new tariffs.
Hyundai shares are under immense pressure. So much so that the risk/reward now looks very interesting. Get paid to sit and wait for things to play out.
Hyundai Motor Company (OTCPK:HYMTF) Q4 2024 Results Conference Call September 23, 2025 ET Company Participants Michael Yun - Head, Investor Relations Seung Jo Lee - Senior Vice President and CFO Zayong Koo - Head of IR division Hyung-Seok Lee - Head of Planning and Finance Division, Hyundai Capital Conference Call Participants Paul Hwang - CitiGroup Ji-Woong Yoo - DAOL Investment & Securities Kyung Jae Hwang - Merrill Lynch Securities Operator Ladies and gentlemen, thank you for attending this conference call. We will now begin Hyundai Motor Company's business results conference call for the fourth quarter of 2024.
South Korea's Hyundai Motor reported on Thursday a 17% fall in fourth-quarter operating profit, declining more than analysts estimated, as it spent more on promotions in a slowing car market.
South Korea's Hyundai Steel , an affiliate of automakers Hyundai Motor and Kia , said on Wednesday it is actively considering building a steel plant in the United States.
South Korea's Hyundai Motor said on Friday it will introduce the cheapest compact electric car in Japan, to penetrate a market dominated by local auto giants with established hybrid petrol-electric vehicle technologies.
Hyundai CEO Jose Munoz isn't worried about Elon Musk's close relationship with Donald Trump. The boss of the Tesla rival told Bloomberg it may actually be good for the US auto industry.
Elon Musk's close relationship with incoming President Donald Trump could be good for all automakers, according to the new chief executive officer of Hyundai Motor. Jose Munoz speaks with Bloomberg's Stephen Engle in his first television interview since assuming the top role at the world's third-biggest automaker on January 1.